Mark Forytarz » Archive of 'Jan, 2009'

The Developers Dream

Dreams become a reality sooner thanks to Castran Gilbert’s hands on approach!

Why?

Castran Gilbert’s company Principals’, get involved with all the “behind the scenes” aspects of any new project!

From interior design, floor plans, to choosing which bank to finance the project, the Principals’ aim to take the pressure off the developer by offering educated advice ensuring developers make the most from their investment. This also sees the developer’s project gets to the marketing stage quicker!!

Testimonials

At Castran Gilbert we recognise the importance of pre-selling!

It instils confidence and allows you, the developer, to finance other projects sooner!

Here’s what a few of clients have to say.

Anton Wilson: This is my 3rd pre-sold project since dealing with Castran Gilbert. Their sales team pre-sold 220 apartments giving my company on this latest project more than $50 million in sales revenue …I’m sold on Castran Gilbert!!

Peter Arundel: I first dealt with Castran Gilbert in 1991 with them pre-selling a project of mine in South Yarra within just a couple of weeks! As a developer, this made me feel confident in the project seeing their ability to pre-sell!

Martin Tissot: My latest project has seen another 100% Castran Gilbert pre-sell! They gave me the confidence they could pre-sell then actually did it!! Their huge volume of pre-sales allowed me a construction start and also financed my next project …I have never had so much success since dealing with Castran Gilbert!!

Adding to these testimonials, recently one of our clients went to 1 of the 4 major banks to finance a project and on discovery that Castran Gilbert were involved, the bank proceeded to inform them Castran Gilbert is their preferred selling agent…the bank signed off immediately on the project!!

Get ready: high-rise suburbs coming to Sydney

Sydney will be reinvented as a high-density metropolis serviced by mass-transit subways under a transport blueprint being developed by senior state and federal government bureaucrats.

Powerful new legislation underpinning a proposed metro network costing $13 billion will enable transport and planning officials to reshape the inner suburbs of Sydney, paving the way for apartment towers as high as 15 storeys as well as large-scale retail and office blocks.

To justify the multibillion-dollar investment, tens of thousands more people would have to live and work within walking distance of the proposed Parramatta Road metro stations, according to planning officials behind the overhaul.

Heritage inner-west suburbs such as Glebe, Leichhardt, Rozelle and Camperdown are to be among the first to face radical changes should both the $8.1 billion West Metro underneath Parramatta Road and the $4.8 billion CBD Metro go ahead.

Read the full article here: http://www.domain.com.au/Public/Article.aspx?id=1231003979729&index=NationalIndex&headline=Get%20ready:%20high-rise%20suburbs%20coming

$40b lost in six months as Victorian property prices plummet

VICTORIAN property values have plummeted about $40 billion in the past six months.

Melbourne’s median house price of $450,000 mid-2008 is now down to $427,500, according to estimates.

And house price expectations across Australia have sunk to an all-time low, a new report says.

Victoria’s $800 billion residential property market has dropped 5 per cent - or $40 billion - overall since July, according to BIS Shrapnel calculations prepared for the Herald Sun.

The trend has opened the door for potential borrowers desperate for cheaper housing.

The latest Mortgage and Finance Association of Australia/BankWest Home Finance Index shows almost two in three Victorians expect the value of their biggest asset to erode in the first three months of this year.

"The expected decline in prices will help address the chronic problem of housing being unaffordable for a lot of Australians, and first-time buyers are likely to be enticed back into the market," MFAA chief Phil Naylor said.

Recent Real Estate Institute of Victoria sales results show the volatile economic climate is producing winners and losers.

Expensive suburbs such as Albert Park and Armadale recorded price drops of at least 30 per cent in the three months from June.

However, other suburbs, including Fitzroy and Beaconsfield, jumped 20 per cent.

BIS Shrapnel senior economist Jason Anderson said the spectacular credit crunch price crashes witnessed in the United States would not happen here because Australia had a housing shortage and tenants hoping to escape the rent trap.

The research company predicts Melbourne’s median house price will rebound 4 per cent during 2009-10. The median value is tipped to increase 9 per cent in the three years to June 2011.

Read the full article here: http://www.news.com.au/heraldsun/story/0,21985,24881569-5013926,00.html

Renters feel the pinch

HUNDREDS, if not thousands, of people at risk of homelessness will gather outside strangers’ front doors across Melbourne this month.

More people search for a rental property in January than in any other month, according to rental trends data to be released today by realestate.com.au.

Melbourne’s average rental rate has risen in recent years.

Caroline James from the Herald Sun has written an interesting article which can be viewed here:

Mark

Bull or Bear in property in 2009

Alex Brooks from the Sydney Morning Herald has written an interesting article on what to expect from property in 2009 from both bullish and bearish analysts.

Read the full article here:

http://www.domain.com.au/Public/Article.aspx?id=1231003892714&index=NationalIndex&headline=Bull%20or%20bear:%20what++39;s%20hot%20and%20what++39;s%20not%20in%202009

Mark

Mark Forytarz now on Hubpages

See more info here: http://hubpages.com/hub/Mark-Forytarz-on-the-Melbourne-real-estate-marketplace

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